Sprott Gold Miners Etf Market Value

SGDM Etf  USD 29.28  1.02  3.37%   
Sprott Gold's market value is the price at which a share of Sprott Gold trades on a public exchange. It measures the collective expectations of Sprott Gold Miners investors about its performance. Sprott Gold is selling at 29.28 as of the 26th of November 2024; that is 3.37 percent decrease since the beginning of the trading day. The etf's lowest day price was 29.07.
With this module, you can estimate the performance of a buy and hold strategy of Sprott Gold Miners and determine expected loss or profit from investing in Sprott Gold over a given investment horizon. Check out Sprott Gold Correlation, Sprott Gold Volatility and Sprott Gold Alpha and Beta module to complement your research on Sprott Gold.
Symbol

The market value of Sprott Gold Miners is measured differently than its book value, which is the value of Sprott that is recorded on the company's balance sheet. Investors also form their own opinion of Sprott Gold's value that differs from its market value or its book value, called intrinsic value, which is Sprott Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sprott Gold's market value can be influenced by many factors that don't directly affect Sprott Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sprott Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Sprott Gold 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sprott Gold's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sprott Gold.
0.00
10/27/2024
No Change 0.00  0.0 
In 31 days
11/26/2024
0.00
If you would invest  0.00  in Sprott Gold on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Gold Miners or generate 0.0% return on investment in Sprott Gold over 30 days. Sprott Gold is related to or competes with Sprott Junior, IShares MSCI, US Global, Sprott Physical, and Sprott Physical. The underlying index aims to track the performance of gold companies located in the U.S More

Sprott Gold Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sprott Gold's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sprott Gold Miners upside and downside potential and time the market with a certain degree of confidence.

Sprott Gold Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Gold's standard deviation. In reality, there are many statistical measures that can use Sprott Gold historical prices to predict the future Sprott Gold's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
27.4529.2831.11
Details
Intrinsic
Valuation
LowRealHigh
27.8729.7031.53
Details
Naive
Forecast
LowNextHigh
29.2531.0832.91
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
27.3029.0930.88
Details

Sprott Gold Miners Backtested Returns

Sprott Gold Miners owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0192, which indicates the etf had a -0.0192% return per unit of risk over the last 3 months. Sprott Gold Miners exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sprott Gold's Risk Adjusted Performance of 0.0072, semi deviation of 1.75, and Coefficient Of Variation of 50982.63 to confirm the risk estimate we provide. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sprott Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sprott Gold is expected to be smaller as well.

Auto-correlation

    
  -0.59  

Good reverse predictability

Sprott Gold Miners has good reverse predictability. Overlapping area represents the amount of predictability between Sprott Gold time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprott Gold Miners price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Sprott Gold price fluctuation can be explain by its past prices.
Correlation Coefficient-0.59
Spearman Rank Test-0.72
Residual Average0.0
Price Variance0.7

Sprott Gold Miners lagged returns against current returns

Autocorrelation, which is Sprott Gold etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sprott Gold's etf expected returns. We can calculate the autocorrelation of Sprott Gold returns to help us make a trade decision. For example, suppose you find that Sprott Gold has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Sprott Gold regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sprott Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Gold etf over time.
   Current vs Lagged Prices   
       Timeline  

Sprott Gold Lagged Returns

When evaluating Sprott Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Gold etf have on its future price. Sprott Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sprott Gold autocorrelation shows the relationship between Sprott Gold etf current value and its past values and can show if there is a momentum factor associated with investing in Sprott Gold Miners.
   Regressed Prices   
       Timeline  

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When determining whether Sprott Gold Miners is a strong investment it is important to analyze Sprott Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sprott Gold's future performance. For an informed investment choice regarding Sprott Etf, refer to the following important reports:
Check out Sprott Gold Correlation, Sprott Gold Volatility and Sprott Gold Alpha and Beta module to complement your research on Sprott Gold.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Sprott Gold technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Sprott Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sprott Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...